Thorchain

Thorchain has reached a significant milestone and is here to stay. The platform is expected to improve tenfold in the next cycle, with $10m and eventually $100m swaps. Merry Christmas to the Thorchain community!

THORChads are working on integrating EDDSA with Solana, opening up more options and routes for users in 2024.

Chainflip has successfully launched cross-chain swaps on their Mainnet Beta. This achievement is significant as cross-chain swaps are known to be challenging. The competition between protocols will benefit users, and aggregators should consider routing orders across both protocols for maximum efficiency.

Congratulations to the Phantom team for seizing the opportunity to support Bitcoin. The landscape is evolving rapidly, and those who don't make this pivot will be left behind. Native BTC is the way. Ninerealms_cap is ready to help teams with the transition.

THORChain experienced significant growth in liquidity, users, new features, and integrations in 2023. In 2024, THORChain aims to continue scaling and delivering as the industry's largest native asset settlement backbone for Bitcoin.

ShapeShift introduces lending feature where users can borrow against their Bitcoin or Ether and receive a USD-denominated debt in the asset of their choice. The lending service comes with no liquidation, no interest, and no expiration.

The Thorchain community believes that there are those who will take the easy road by using wrapped Bitcoin and those who will do the work to use native Bitcoin and provide real value to their users. They see this as an opportunity for every decentralized application (dApp) to make a difference.

The majority of today's blockchain industry is using centralized rails, which contradicts its purpose of decentralization, permissionlessness, and trust minimization. The future will see central exchanges acting as a wrapper and asset issuer for decentralized exchange rails.

Web3 Wallet developers are focusing on providing the best self-sovereign wallet user experience instead of having unrestricted access to users' funds like traditional banks.

Trust Wallet will soon start charging affiliate fees, with other wallets being made aware of the potential benefits they may be missing out on.